World View & Market Commentary. Forest first; Trees second. Focused on Real & Knowable facts that filter through the "experts" fluff and media hyperbole. Where we've been, what the future may hold and developing a better way forward.

Friday, December 29, 2017

We have an exciting New Year ahead, I hope everyone stays
healthy, and that you are having fun learning and making money in the current
and coming Crypto revolution!

Keep in mind that globally only 1.5% of us innovators are in
the crypto space, and that there is a tidal wave coming. I expect the early adopters to bring the
total of global users above 10% by the end of this year, and that by 2022 the
majority of the globe will be transacting in this manner.

Before today’s crypto update, let’s talk gold. Gold is moving strongly higher in what I
believe to be wave 1 of 3 up. It is
currently at resistance and we may get a short term pullback after this run,
but then wave 3 of 3 higher should follow.
Wave 5s are the most powerful in commodities, so I expect that following
a very powerful wave 3, that wave 5 will be even longer. Here’s my current daily gold chart:

My minimum upside target for gold at the end of wave 3, if this count is correct, is $1,440/ounce. That’s a minimum if
wave 3 is equal to wave 1, but it could be up to 1.5 times as long. Ultimately I think this rally could be very
substantial.

To back that up, the Dollar made a very large move lower
today (against the other fraudulent centrally controlled central bank debt
money). It has broken the neckline of a
sizable Head & Shoulders pattern:

The target on the H&S pattern is about the 23.3 area for
the Dollar, a pretty good move lower if reached, one that will create an
overall lower low, and thus keep the downtrend in the dollar going.

What most mainstream analysts fail to understand is that
confidence is being lost in all governments and in all centrally controlled
monies. This can be seen in the rise of
the cryptocurrencies – they are a mirror to the old failing money systems where
the math is laughably impossible, yet not discussed because everyone knows the
impossibility they created.

So, dollars are dying, gold is dandy, and this leads us to something
that puts the math on our side, the new money system/s of Cryptos…

The Token space has been staying overall much stronger than
the mainstream coins over the past few days, I think that’s positive.

Yesterday’s and last night’s moves really sent two of my
holdings much higher. Those were Ripple
and LEND. Both have more than doubled in
just the past few days. Since the
Bitcoin top, Ripple has moved from the 20 cent range to now $1.80. LEND jumped 150% yesterday alone, and now
sits at 20 cents.

LEND will be my first Coin of the week, I’ll highlight it
after the first of the year with a report.
In a nutshell, it is an Ethereum based Token that has a lending
App. People around the world can borrow
and repay crypto currency. The token
itself pays 1% interest per year. Not
much interest, but something. I like
this a ton as it moves humanity further from central banking. The team is very impressive, and I think they
did not do this project for greed, they did it to genuinely help humanity, and
as such I am supporting them with a long term investment.

Ripple’s somewhat scary advance (basically straight up)
comes on the release that they are working with a group of Japanese credit card
companies and have formed a new consortium.
The consortium is working to deploy their technology with credit cards
around Asia. Here’s the scary chart:

In the mainstream coin arena, Bitcoin Cash finally caught a
bid this morning, zoomed to $2,900 and has since pulled back. This sudden burst of energy on high volume is
a positive development and makes the chart look constructive.

Litecoin is stuck in a sideways channel with little
energy. It could still go either way
from here.

Ethereum looks relatively stronger than the rest still. Since the large bottom, it has made a series
of higher lows and looks like it is working on a 5th wave
higher. If so, that would be bullish.

Bitcoin fell yesterday down to the giant H&S neckline,
then bounced in what I can count as a 5 wave higher move. That may be bullish and since yesterday’s low
has put in a higher low. Now it needs to
make a higher high, but overall energy for Bitcoin is still low. It has been drawn like a magnet back and
forth across the $13,800 area. It has
not crashed beneath it, which is positive.
But when it gets above it, it runs out of energy as it reaches
resistance.

What would be the right shoulder of the giant H&S is now
getting too long sideways to be proportional to the left shoulder. I am now favoring the middle possibility that
I pointed out yesterday, that we will move sideways from here and base
build. Here’s my current big picture
Bitcoin chart, showing both the possible bearish and bullish paths:

That’s it for now, I’m working on a large article titled: “Bitcoin
and the Cryptocurrency Revolution – The Most Important Change of Your Lifetime,
and Why it Will Spark Humanity’s Next Renaissance!” Look for that coming soon and on the new
Cryptonomic Edge website.